Sometimes
Jim Rogers gets repetative since he usually pounds the same theories
– which is not bad from the viewpoint he has a long term outlook,
but in this interview with CNBC yesterday there are some interesting
items regarding his current positions (currently long dollar even
though he does not believe it to be a safe haven), and some trade/currency
tensions developing. I must have missed the news about Brazilian
import tariff on Chinese goods.

For those newer
to trading I think his view on the dollar is important to understand
from a lesson standpoint. Even if you the dollar is ‘cooked’
long term, time frame is important. For the near term, the U.S.
dollar still is considered a safe haven (best house on a street
full of crack homes) and in panic people flee to U.S. Treasuries
and the dollar. So while Jim believes U.S. leadership (I use that
word loosely) is constantly doing damage to its currency, he understands
the way the other people in the market will react and will take
advantage of it. (Rogers is a huge long term bear on the currency)